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News  ›  Benzinga

Wanbang Makes Fourth-Listing Attempt, While Battling Declining Margins

Benzinga Logo Benzinga By Bamboo Works
Wanbang Makes Fourth-Listing Attempt, While Battling Declining Margins

Chinese EV charging equipment provider Wanbang Digital Energy is making its fourth attempt to list on the Hong Kong stock exchange. While the company has become the world's largest supplier of smart charging equipment, it faces significant challenges including declining gross margins (falling from 29.2% to 24.6%), reduced net profits, and volatile cash flows. The company is diversifying into microgrids and energy storage to offset margin pressure in the competitive charging equipment market.

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Schneider Electric is mentioned as a strategic partner through a joint venture with Wanbang for European market expansion. While this represents a positive endorsement of Wanbang's business, there is no direct impact on Schneider Electric's operations or financial performance discussed in the article.